Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 10th Sept 2026, 07:06:36pm CEST (Norway)
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Daily Overview |
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Egg-timer session: Sustainable development and technological change Location: Auditorium H Session Chair: Alessio D'Amato, Università degli Studi di Napoli "Parthenope" | |
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New Estimates of Price and Income Elasticity of Industrial Energy Demand for New EU Member States Charles University, Czech Republic This study examines the determinants of industrial energy demand in five new European Union member states (Czech Republic, Lithuania, Poland, Romania and Slovenia). We focus on the effects of energy prices, output, investment, and technological progress. Using a panel dataset covering 16 industrial sectors across 24 years, we employ the Mean Group estimation techniques, including the Common Correlated Effects Mean Group (CCE-MG) and dynamic Common Correlated Effects Mean Group (DCCE-MG). Our analysis addresses issues of heterogeneity, cross-sectional dependence (CD), and persistence often overlooked in studies relying on fixed effects. Our empirical results show that activity levels (output) and energy prices consistently drive energy consumption, with their effects amplified when cross-correlations are accounted for. Investment positively contributes to energy use, reflecting increased demand during industrial expansion or modernization, while research and development have limited impact. These findings provide valuable insights to policymakers on energy solutions to influence energy demand and mitigate the pressures of industrial growth. | |